Austrian faces drop in passengers, but not in share price

Austrian Airlines CEO Alfred Oetsch told ATWOnline that the carrier is expecting a "single-digit" drop in passengers next year and that further adjustments in capacity and costs are possible if demand continues to fall, including moving some workers to part-time status, but he ruled out layoffs. However, he said the company is facing declining traffic "in all classes" (ATWOnline, Dec. 23) and that while its key routes to Eastern Europe are being affected, they are not hurting "as strong ...